Description

Global retort packaging market is expected to grow at a compound annual growth rate of 5.79% over the period 2019 to 2024 to reach a market size of US$47537 million by 2024 from US$33800.644 million in 2018. Retort packaging is a flexible package made from heat resistant laminated plastic or metal in which food products are sterilized. The property of increased shelf life and low cost is expected to boost the market growth. Further, rising demand for convenience food is anticipated to augment the demand for the market. In addition, the growing consumer preference for products with flexible packaging which are easy to handle is projected to boost the demand for retort packaging market. Food & beverage and pharmaceutical industries are expected to hold significant share in the market during the forecast period.